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EU regulators clear Nokia's takeover of Navteq

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Agence France-Presse Brussels

"After an in-depth examination, launched in March 2008, the commission concluded that the transaction would not significantly impede effective competition," Europe's top antitrust watchdog said in a statement.      

Nokia announced plans in October last year to buy Navteq, which makes digital maps for cars, mobile devices and the Internet, for $8.1 billion (5.1 billion euros).      

The Chicago-based group offers digital maps for 69 countries in six continents that can be read by most navigation systems available in North America and Europe.

 

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First Published: Jul 02 2008 | 4:06 PM IST

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